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The Great Chinese Oil Mystery
- giardini 3mo agoThey're reverting to coal, something they've used longer than oil.
- no-name-here 3mo agoIs that true/source? Strategic reserves is the biggest cause —stopping adding to the reserve/drawing down the reserve - per https://www.reuters.com/business/energy/chinas-oil-imports-have-plunged-during-iran-war-how-much-will-they-recover-2026-07-17/ https://www.reuters.com/business/energy/chinas-oil-imports-h... (op article is paywalled)
- giardini 3mo agoGoogle is still useful!
- fragmede 3mo agoThe "or why" is simple. It's just the Chinese thing to do. It's deeply cultural. Keep your head down and do work. Other people going wild and messing everything up? Just quietly step in and fix it. Don't brag about it, don't ask for a hero's welcome, just fix it and quietly move on. It's an deeply rooted ethos that we're seeing play out on a geopolitical scale.